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20121108
20121116
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competitors with american companies. it was toyota versus gm. it was toshiba versus ibm, et cetera, et cetera down the line. chinese companies are subcontractors for american brands. every apple product is made in china. two weeks ago, i was seeing where they were made. but of the $1,000 for an apple computer, only about $80 or $90 stays in china. the rest is with apple and with the screen makers and advertisers and retailers and fed ex and all the rest. and so, we have a trade deficit with china. the debt that the chinese hold over us actually they view as a weakness on our side for them, rather than us. number one, it makes them hostage to the value of our dollar and to our financial markets. if we're having a discussion in china, people would say, "what are we thinking, having all our savings in these u.s. treasury notes? you know, what if they default? what -- the interest, what if they have runaway inflation, et cetera, et cetera?" it's the imbalance between the two countries is a sign of imbalance in both of our systems. we've been too debt dependent and too over consumptive. they have
Search Results 0 to 10 of about 11 (some duplicates have been removed)

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